Watsco - B | 10-Q: FY2025 Q2 Revenue: USD 2.062 B

Revenue: As of FY2025 Q2, the actual value is USD 2.062 B.

EPS: As of FY2025 Q2, the actual value is USD 4.52.

EBIT: As of FY2025 Q2, the actual value is USD 274.2 M.

Segment Revenue

• United States: $1,874.4 million for Q2 2025, $3,252.0 million for the first half of 2025.
• Canada: $93.7 million for Q2 2025, $170.1 million for the first half of 2025.
• Latin America and the Caribbean: $94.4 million for Q2 2025, $171.4 million for the first half of 2025.

Operational Metrics

• Gross Profit: $603.5 million for Q2 2025, $1,033.1 million for the first half of 2025.
• Gross Margin: 29.3% for Q2 2025, 28.7% for the first half of 2025.
• Operating Income: $271.9 million for Q2 2025, $384.1 million for the first half of 2025.
• Net Income: $216.8 million for Q2 2025, $311.3 million for the first half of 2025.
• Net Income Attributable to Watsco, Inc.: $183.6 million for Q2 2025, $263.7 million for the first half of 2025.

Cash Flow

• Net Cash Used in Operating Activities: - $185.1 million for the first half of 2025.
• Net Cash Provided by Investing Activities: $222.3 million for the first half of 2025.
• Net Cash Used in Financing Activities: - $274.2 million for the first half of 2025.

Unique Metrics

• Same-Store Sales: $2,044.7 million for Q2 2025, $3,567.4 million for the first half of 2025.
• Selling, General and Administrative Expenses: $339.0 million for Q2 2025, $661.6 million for the first half of 2025.

Future Outlook and Strategy

• Core Business Focus: Watsco, Inc. plans to continue leveraging its technology platforms to adapt to changing conditions and mitigate the effects of tariffs and inflationary pressures. The company is also focused on the transition to new lower-GWP HVAC systems and the sale of high-efficiency systems to reduce CO2e emissions.
• Non-Core Business: The company is actively evaluating potential acquisitions and joint ventures to expand its market presence and product offerings. Recent acquisitions include Southern Ice Equipment Distributors, Inc., Hawkins HVAC Distributors, Inc., and W.L. Lashley & Associates, Inc.
• Priority: Emphasis on the sale of high-efficiency HVAC systems and the transition to A2L systems to comply with regulatory changes and reduce environmental impact.